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:: year 7, Issue 26 (2015) ::
fa 2015, 7(26): 31-51 Back to browse issues page
Investigating the effect of audit quality on audit fee and Underpricing of IPOs
Omid Pour heydari1 , Mojtaba Safipour Afshar * 2, Masomeh Safipour Afshar3
1- Shahid Bahonar University of kerman
2- Bahonar university of kerman
3- Alameh Tabatabaei University, Tehran
Abstract:   (5578 Views)

This paper investigates the effect of audit quality on audit feen and under pricing of IPOs in Tehran Stock Exchange. The sample consists of the firms that went public between March 2003 and March 2013. The audit size selected as a proxy for audit quality. The results show that size (quality) of audit company has a significant and positive relation with audit fee. Also, the Results show that the size(quality) of audit company has a negative and significant effect on under pricing of IPOs, Meaning that quality auditors have informational role in IPOs and by producing more precise accounting information that helps reduce ex ante uncertainty for uninformed investors, redue underpricing of IPOs.

Keywords: Underpricing, IPO, audit compensation, audit quality
Full-Text [PDF 654 kb]   (5220 Downloads)    
Type of Study: Applicable | Subject: Special
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Pour heydari O, Safipour Afshar M, Safipour Afshar M. Investigating the effect of audit quality on audit fee and Underpricing of IPOs. fa 2015; 7 (26) :31-51
URL: http://qfaj.mobarakeh.iau.ir/article-1-391-en.html


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year 7, Issue 26 (2015) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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